The market for food delivery apps in India is currently cluttered yet full of potential. Though it experienced a downward slump in 2016; it revived and the revenue in the Online Food Delivery segment amounts to US$7,092m this year. Revenue is expected to show CAGR 2019-2023 of 9.9%, resulting in a market volume of US$10,363m by 2023.
Considering the potential, many players have stepped into this market. Here are the few top ones:
Swiggy: This Company is based out of Bengaluru, India. Swiggy started with an objective of providing a completely online food ordering and delivery solution from the nearby outlets to the customers. Swiggy’s biggest strength went on to be its own exclusive fleet of delivery executives which allows them superb flexibility and that’s how they can still provide their customers a ‘no minimum order’ policy which has been one of their biggest USPs since the beginning of their journey.
Zomato Order: If you are a foodie, your phone must be having the ‘Zomato’ app in it. The app was launched in 2008 by Deepinder Goyal and Pankaj Chaddah. In the beginning, their business model was to provide reviews, and other information about all types of restaurants, pubs and bars. Next, they introduced online table reservation and online food delivery. Zomato is operational in 24 countries across the world and they have a very ambitious expansion plan.
Uber Eats: Uber Eats is gaining popularity very quickly, in all major cities including Mumbai, Chennai, Bangalore, Hyderabad, and Delhi. Their mobile app is available on both Android and iOS. This business is owned by Uber Technologies, Inc. the pioneer and global leader among app-based taxi services. Uber Eats operates in 1000+ major cities around the world.
FoodPanda: FoodPanda is headquartered in Berlin and was launched in 2012. Foodpanda is operational in 40 countries across the world. It was launched in India in 2013 and has been operating with 10000+ restaurants in India. Foodpanda often offers attractive deals and discounts for its customers. The app is available for both iOS and Android users and it offers a nice and easy user experience.
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